The organic wine market is set for a rapid growth over the forecast period. In terms of revenue, the global organic wine market accounted for USD 9.81 Billion in 2019 and is expected to reach USD 18.48 Billion by 2026, growing at a CAGR of 9.6%.
The organic wine market is set for a rapid growth over the forecast period. In terms of revenue, the global organic wine market accounted for USD 9.81 Billion in 2019 and is expected to reach USD 18.48 Billion by 2026, growing at a CAGR of 9.6%.
Global Organic Wine Market: Overview
Organic wine is derived from grapes and yielded without synthetic chemical fertilizers. Organic wines consist of yeasts, sugar, food dyes, and many more ingredients that enhance the quality of the wine. They are sustainably produced without adding sulfites. More often, they are biodynamically produced and hence are expensive when compared to conventional wines. The organic wines are proliferating at a rapid pace as it reduces the consumption of chemicals, dyes, and additives that are harmful to health. Different countries have distinct guidelines from the regulating authorities for the manufacturing of organic wine.
Global Organic Wine Market: Growth Factors
The foremost factor that propels the growth of the global organic wine market is the growing awareness about niche products such as natural and organic in the food & beverage industry. In recent years, organic and natural food products have gained extensive popularity among consumers especially among millennial. There is a gradual shift in agricultural practices of the people from a chemical-based agricultural technique to traditional organic ones. This shift has created a huge demand for organic natural products and thus propels the growth of the global organic wine market. The uprising trend of wine drinking in the developed nations is fueling market growth. Furthermore, the increasing per capita and disposable income in developing nations is boosting the wine drinking trend and hence projecting the market to grow significantly during the forecast period. Apart from sustainable vineyards practices, organic vines are more preferred due to adoption of manipulative and minimalist approaches in wine-making. The various factors such as carbon neutral, vegan-friendly, biodynamic, certified organic wines, and many others is expected to positively shape the market trend line during the forecast period. The global organic wine market is likely to grow significantly and make an efficient transition to the mainstream market during the forecast period. The growing inclination of consumers toward healthy diet foods and a productive lifestyle is also creating the demand for organic wines in the market. Innovation in organic wine packaging is attracting consumers. The traditional glass packaging is converted into organic recyclable bottles that also extend the shelf-life of the wines besides being eco-friendly. The COVID-19 has affected the global organic wine market but with the increasing control over the pandemic situation, the market is expected to boost significantly during the forecast period..
Global Organic Wine Market: Segmentation
The global organic wine market can be segmented into type, distribution channel, and region. By type, the product can be segmented into organic still wine and organic sparkling wine. Of these, the organic sparkling wine segment holds the largest share in the global organic wine market owing to the rising trend of premiumization and its growing preference on special occasions & events. The dwindling lifestyle and influence of social media on people has boosted the growth of the global organic wine market. By distribution channel, the market can be segmented into online, specialty stores, supermarkets, and others. The supermarket serves as the largest distribution channel for organic wines due to the growing popularity of supermarkets and hypermarkets in the developed countries. Furthermore, the online segment is witnessing significant growth and is anticipated to remain a lucrative segment in the global organic wine market during the forecast period owing to the enormous outbreak of novel coronavirus across the globe.
Global Organic Wine Market: Regional Analysis
Based on regions, the global organic wine market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe holds a substantial share in the global organic wine market due to its vibrant wine culture. Manufacturers find abundant opportunities to operate in the organic wine market in countries like Italy and Spain because these regions are the hotshots for organic wine enthusiasts. North America is likely to grow significantly during the forecast period owing to the growing consumption of organic wine and the rise in the number of lounges and bars. The changing lifestyle of people and growing social media trend has positively shaped the growth line of the organic wine market in the region.
Global Organic Wine Market: Competitive Players
Some of key players in organic wine market are La Cantina Pizzolato, Frey Wine, Emiliana Organic Vineyards, Xinjiang Tianshan WineryCo., Ltd., King Estate Winery, Bronco Wine Company, Kendall-Jackson Winery, Elgin Ridge Wines, Bonterra Vineyards, The Organic Wine Company, Banfi Vintners, Concha y Toro, Harris Organic Wine, Treasury Wine Estates, Union InVivo, Casella Wines Pty. Ltd., The Organic Wine Company, Societa Agricola Querciabella SpA, Grgich Hills Estate, and Avondale, among others.
Global Organic Wine Market: Regional Segment Analysis
Growing awareness about niche products such as natural and organic in the food & beverage industry is driving the market growth. Additionally, the surging trend of wine drinking in the developed nations is fueling market growth.
According to Zion Market Research, the organic wine market is expected to generate revenue of around USD 18.48 Billion by end of 2026, growing at a CAGR of around 9.6% between 2020 and 2026.
The European region is expected to make notable contributions in the growth of organic wine market. This surge is attributed to the increasing adoption in Italy and Spain.
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